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When describing the impact of unemployment on the economy consider regional differences (for the U.S.) in types of unemployment across the country and what this implies for that region and the country as a whole. For example, if you believe "structural unemployment" is higher in a particular region of the U.S. then explain why it is so and what this implies for that region and the country as a whole.
A group living in the United States in 2004 consisted of fifteen households with no elderly members. There were five single individuals living separately from each other (less than 65 years old). What percentage of these households were poor? What wa..
Suppose a perfectly competitive firm sees that price is $23 in the market place. It notices that the cost of producing the next unit of output is $26. What advice would you give to this firm? Graph and Explain Your Answer
Look at the table Production Possibilities for Machinery and Petroleum. The table shows the number of units of machinery each country would have to forgo in order to produce additional petroleum, assuming constant costs at its current levels of produ..
Phillip Haynes is the controller of a company that has the sole authority to manufacture your product. The inverse market demand curve is. Your total cost equation is. What is the output you should produce, the price you should charge, and your profi..
Budgeted town expenditures: $15,000,000.00 Estimated non-property tax revenues: $11,000,000.00 Appraised value of property: $200,000,000.00 Total exemptions for the elderly: $8,000,000.00 Assessment ratio: 60%. The Johnson family has property with an..
A medium-sized profitable corporation may buy a $25,000 F-150 for use by the shipping and receive department. During the truck’s 5-year useful life, it is estimated the firm will save $6000 per year after all the costs of owning and operating the tru..
The founding of Guthrie in Oklahoma territory illustrated which pattern of settlement in the West?
A monopolist sells to two groups of people and practices price discrimination by charging separate prices for each group; students and non-students. This monopolist produces at constant marginal cost MC = 10. What is the price for each group if he ca..
A group of 20 doctors are considering forming a new medical group also has asked you to prepare a report on whether they should build a facility in an area.
Consider a person who can work up to 80 hours each week at a pre-tax wage of $20 per hour but faces a constant 20% payroll tax. Under these conditions, the worker maximizes her utility by choosing to work 50 hours each week. On a single graph, draw t..
Other things being equal, woudl this tend to increase planned expenditure in the United States by exactly, more than, or less than $50,000? Would it shift the aggregate demand curve to the right, the left or not at all? Explain in detail.
AB acted as a well-managed business that takes actions necessary to remain competitive in a competitive market.
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